J. Roderick MacArthur: Difference between revisions

Content deleted Content added
Tag: Reverted
Line 62:
While still on the board of the John D. and Catherine T. MacArthur Foundation, MacArthur pushed the Board to offer the MacArthur fellowships, also called "Genius Grants".<ref>{{cite web|url=http://www.macfound.org/site/c.lkLXJ8MQKrH/b.959481/k.7895/Frequently_Asked_Questions.htm |title=Archived copy |accessdate=2013-10-11 |url-status=dead |archiveurl=https://web.archive.org/web/20120204053858/http://www.macfound.org/site/c.lkLXJ8MQKrH/b.959481/k.7895/Frequently_Asked_Questions.htm |archivedate=2012-02-04 }}</ref>
 
Second, in 1980 at the urging of his son John R. "Rick" MacArthur, then 23, the senior MacArthur persuaded the Board to partner in creating and funding a Harper's Magazine Foundation, in order to acquire and operate ''[[Harper's Magazine]]'', which had been struggling financially. This new entity acquired ''[[Harper's Magazine]]'' (which was then losing nearly $2 million per year and was on the verge of ceasing publication) for $250,000. Rick (now called Roderick) MacArthur eventually took over the foundation that owned ''Harper's'', an ironic turn of events since the lawsuit had alleged that the board directors were using Foundation funds for their own interests.
 
In 1976 Rod MacArthur had used his substantial fortune from the Bradford Exchange to form his own foundation, the J. Roderick MacArthur Foundation. As of 2004, the J. Roderick MacArthur Foundation had $22 million in assets.<ref>{{cite web|url=http://macarthur.uchicago.edu/about/roderick.html |title=J. Roderick MacArthur |accessdate=2006-09-22 |url-status=bot: unknown |archiveurl=https://web.archive.org/web/20040224050642/http://macarthur.uchicago.edu/about/roderick.html |archivedate=February 24, 2004 }}, ''The MacArthur Justice Center'', Northwestern University School of Law (archived 2004)</ref> It has supported causes of civil rights and civil liberties, including the Death Penalty Information Center in Washington, D.C., and the Roderick & Solange MacArthur Justice Center, a public interest law firm in Chicago that is named and managed by two of his children.